Europe and Middle East and Africa Medical Oxygen Cylinder Market, By Product (Portable Oxygen Cylinder and Stationary Oxygen Cylinder), Technology (Continuous Flow and Pulse Flow), Application (Chronic Obstructive Pulmonary Disease (COPD), Pneumonia, Lung Cancer, Asthma, Respiratory Distress Syndrome, Sleep Apnea, Anesthesia, and Others), Usability (Non-Home Care and Home-Care), End-User (Hospitals, Standalone Ambulance Services, Home-Care settings, and Others), Distribution Channel (Third Party Distributors, Direct Tender, and Others) - Industry Trends and Forecast to 2031.
Europe and Middle East and Africa Medical Oxygen Cylinder Market Analysis and Insights
The expanding application of hyperbaric oxygen therapy in diverse treatment strategies, coupled with a growing demand for oxygen due to the rising prevalence of respiratory illnesses and an aging population, serves as a key driver for market growth. In addition, the expansion of healthcare infrastructure and the increasing use of oxygen therapy in sports injury recovery contribute to the market's positive trajectory. The market presents significant opportunities with innovations in portable and lightweight cylinders catering to diverse medical settings. Regional collaborations and alliances further enhance accessibility and distribution channels for medical oxygen cylinders, opening doors for market expansion. However, the market faces restraints, such as the high cost associated with oxygen cylinders and concentrators, along with regulatory compliance issues. Challenges include supply chain disruptions due to unstable geopolitical conditions and limited access to healthcare infrastructure. Navigating these dynamics will be crucial for stakeholders in the Europe and Middle East and Africa medical oxygen cylinder market to capitalize on the opportunities and address the challenges effectively.
Data Bridge Market Research analyzes that the Europe and Middle East and Africa medical oxygen cylinder market is expected to reach a value of USD 8,389,039.60 thousand by 2031, from USD 5,579,072.01 thousand in 2023, growing at a CAGR of 5.3% during the forecast period of 2024 to 2031.
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016–2021)
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Quantitative Units
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Revenue in USD Thousand, Volume in Thousand Units
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Segments Covered
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Product (Portable Oxygen Cylinder and Stationary Oxygen Cylinder), Technology (Continuous Flow and Pulse Flow), Application (Chronic Obstructive Pulmonary Disease (COPD), Pneumonia, Lung Cancer, Asthma, Respiratory Distress Syndrome, Sleep Apnea, Anesthesia, and Others), Usability (Non-Home Care and Home-Care), End-User (Hospitals, Standalone Ambulance Services, Home-Care settings, and Others), Distribution Channel (Third Party Distributors, Direct Tender, and Others)
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Countries Covered
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Germany, U.K., France, Italy, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Norway, Finland, Denmark, Sweden, Poland, Hungary, Lithuania, Austria, Ireland, Czechia, Greece, Portugal, Romania, Bulgaria, Ukraine, Rest of Europe, GCC, South Africa, Israel, Egypt, Nigeria, Iran, Iraq, Kenya, Ethiopia, and Rest of Middle East and Africa
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Market Players Covered
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Koninklijke Philips N.V., Niterra Co., Ltd., Linde plc, Supera Anesthesia Innovations, Drive DeVilbiss International, GCE, Chart Industries, Uflow Automation India, NAREENA LIFESCIENCES PRIVATE LIMITED, HERSILL, AMS Composite Cylinders, Gulf Cryo, Al-Barrak Group, Besco manufactures Hospital, SHENYANG CANTA MEDICAL TECH. CO., LTD., bluAqua Service GmbH & Co., Me.Ber. srl., OrientMEd International, Foshan Keyhub Electronic Industries Co.,Ltd, Royax, and ULTRA CONTROLO, among others
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Market Definition
Medical oxygen is a critical component in healthcare, playing a pivotal role in various medical procedures and treatments. The market is defined by the supply and demand dynamics of medical-grade oxygen within the healthcare sector across the encompassing regions. Medical oxygen is utilized for respiratory support in hospitals, clinics, and home care settings, aiding patients with respiratory disorders, emergencies, and during surgical interventions.
Europe and Middle East and Africa Medical Oxygen Cylinder Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Expanding Application of Hyperbaric Oxygen Therapy in Various Treatment Strategies
Hyperbaric Oxygen Therapy (HBOT) has gained significant popularity in recent years as a versatile treatment strategy for various medical conditions. This therapeutic approach involves administering pure oxygen at higher-than-normal atmospheric pressures, creating a unique healing environment
Patients with chronic non-healing ulcers, often associated with conditions such as diabetes, may benefit from HBOT. The therapy stimulates tissue repair, reduces inflammation, and improves microcirculation, contributing to ulcer resolution
The demand for a reliable supply of medical-grade oxygen will grow as the therapeutic benefits of HBOT become more widely recognized and integrated into medical practices. The ongoing R&D in this field is driving the market growth
- Expanding Healthcare Infrastructure
A robust healthcare infrastructure stands as a fundamental pillar in advancing the core objective of enhancing standards of care and well-being for all patients, ensuring a positive experience within the healthcare system. The synergy between a well-established healthcare system and dedicated staff plays a vital role in fostering the goals of improved patient outcomes and accessibility within the medical oxygen cylinder market.
Public sector investments in healthcare infrastructure for construction and expansion of hospitals, clinics, and medical centers, equipped with state-of-the-art facilities. Governments across the region are not only focusing on increasing the number of healthcare facilities but also on upgrading existing ones to meet international standards. This proactive approach has led to a surge in the demand for medical oxygen cylinders, essential for respiratory support in diverse healthcare settings.
Opportunity
- Innovations in Portable and Lightweight Cylinders Cater to Diverse Medical Settings
The evolution of portable and lightweight cylinders marks a change in medical equipment, addressing diverse needs across healthcare environments. These innovative cylinders, characterized by their compact design and reduced weight, revolutionize medical settings by enhancing accessibility, mobility, and efficiency. From emergency response scenarios to home healthcare, their versatility caters to a wide range of applications, planning to reshape the medical care.
Portable oxygen concentrators are compact medical devices designed to provide a continuous supply of oxygen for individuals with respiratory conditions such as Asthma and Pneumonia. They enhance mobility and independence for patients, allowing them to lead more active lifestyles
Challenge/ Restraint
- Regulatory Compliance Related to the Approval, Production, and Distribution of Medical Oxygen Equipment
Regulatory challenges stand out as a significant impediment to the market's expansion. The medical sector is subject to stringent regulations imposed by governmental bodies, which often result in a lengthy and intricate approval process for medical oxygen cylinders. The bureaucratic procedures can lead to delays in product launches, hindering timely access to advanced medical technologies.
Moreover, the regulatory frameworks across countries within Europe and Middle East and Africa limit the manufacturer’s aiming to achieve compliance on a broader scale. Navigating through diverse regulatory landscapes demands additional resources and strategic planning, further complicating the market entry process. Strict rules and regulation accociated with medical oxygen cylinder, and the production and distribution of medical oxygen equipment are subject to strict regulations and standards to ensure patient safety.
Recent Developments
- In October 2023, Forbes Healthcare named Nidek Medical Products' NUVO Lite Oxygen Concentrator the "Best Quiet Operation" Oxygen Concentrator for 2023. It is recognized for its low-power consumption, lightweight design, compact size and wide range of outlet flow volume options. The NUVO Lite underscores the company's dedication to delivering high-quality, cost-effective and user-friendly medical devices. This recognition further solidifies Nidek's position as an industry leader and enhances its image in the healthcare sector
- In May 2023, Drive DeVilbiss International unveiled the 1060AW, an energy-efficient 10-liter oxygen concentrator, designed specifically for challenging environments. This innovative device addresses the unique requirements of rural and semi-urban areas, marking a significant advancement in oxygen therapy at both primary and secondary health levels. This benefited the company by expanding its product portfolio result in more product offering ultimately increase revenue
- In April 2023, Czech Republic-based medical equipment company Royax have expanded its operations to Gothenburg, Sweden with a focus on growing in Sweden, northern Europe and beyond. Headed by entrepreneur Abbas Bafkar, the Swedish subsidiary benefits from the country's high-quality standards of life and global credibility. Royax, known for its innovative patient transport equipment and ambulances received support from life science investment advisor Iris Öhrn, aiding in building a strong business case and integrating into the local innovation ecosystem
- In February 2022, Everest Kanto Cylinder Limited (EKC) unveiled plans for substantial capacity expansion in India and Europe, reflecting a positive outlook with a Rs. 215 crore investment during FY23-24, EKC anticipates a combined revenue potential of Rs. 712 crore from expansion. The company has successfully completed Phase I of its Rs. 35 crore brownfield expansion project, enhancing production lines and output. The ongoing initiatives position EKC for robust growth, aiming to complete Phase II by the second quarter of FY23
- In November 2020, Chart Industries successfully acquired BlueInGreen, LLC, a prominent water cleantech company specializing in dissolved-gas solutions for water treatment and industrial processes. The stock purchase, completed for USD 20 million in cash at closing, with a potential earn-out not exceeding USD 6 million, enhances Chart Industries' capabilities in delivering economic, social, and environmental value. This benefited company to expand its product portfolio
Europe and Middle East and Africa Medical Oxygen Cylinder Market Scope
The Europe and Middle East and Africa medical oxygen cylinder market is segmented into six notable segments based on product, technology, application, usability, end-user, and distribution channel. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Portable Oxygen Cylinder
- Stationary Oxygen Cylinder
On the basis of product, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into portable oxygen cylinder and stationary oxygen cylinder.
Technology
- Continuous Flow
- Pulse Flow
On the basis of technology, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into continuous flow and pulse flow.
Application
- Chronic Obstructive Pulmonary Disease (COPD)
- Pneumonia
- Lung Cancer
- Asthma
- Respiratory Distress Syndrome
- Sleep Apnea
- Anesthesia
- Others
On the basis of the application, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into Chronic Obstructive Pulmonary Disease (COPD), pneumonia, lung cancer, asthma, respiratory distress syndrome, sleep apnea, anesthesia, and others.
Usability
- Non-Home Care
- Home-Care
On the basis of the usability, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into non-home care and home-care.
End-User
- Hospitals
- Standalone Ambulance Services
- Home-Care Settings
- Others
On the basis of the end-user, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into hospitals, standalone ambulance services, home-care settings, and others.
Distribution Channel
- Third Party Distributors
- Direct Tender
- Others
On the basis of the distribution channel, the Europe and Middle East and Africa medical oxygen cylinder market is segmented into third party distributors, direct tender, and others.
Europe and Middle East and Africa Medical Oxygen Cylinder Market Regional Analysis/Insights
The Europe and Middle East and Africa medical oxygen cylinder market is segmented six notable segments based on product, technology, application, usability, end-user, and distribution channel.
The countries covered in the Europe and Middle East and Africa medical oxygen cylinder market are Germany, U.K., France, Italy, Spain, Russia, Switzerland, Turkey, Belgium, Netherlands, Norway, Finland, Denmark, Sweden, Poland, Hungary, Lithuania, Austria, Ireland, Czechia, Greece, Portugal, Romania, Bulgaria, Ukraine, Rest of Europe, GCC, South Africa, Israel, Egypt, Nigeria, Iran, Iraq, Kenya, Ethiopia, and Rest of Middle East and Africa.
Europe is expected to dominate the Europe and Middle East and Africa medical oxygen cylinder market due to its consistent and uninterrupted oxygen supply, making it a preferred choice for patients with chronic respiratory conditions. Germany is expected to dominate in Europe medical oxygen cylinder market due to expanding healthcare infrastructure. GCC is expected to dominate in Middle East and Africa medical oxygen cylinder market due to expanding application of hyperbaric oxygen therapy in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe and Middle East and Africa Medical Oxygen Cylinder Market Share Analysis
The Europe and Middle East and Africa medical oxygen cylinder market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points provided are only related to the company’s focus on the market.
Some of the major players operating in the market are Koninklijke Philips N.V., Niterra Co., Ltd., Linde plc, Supera Anesthesia Innovations, Drive DeVilbiss International, GCE, Chart Industries, Uflow Automation India, NAREENA LIFESCIENCES PRIVATE LIMITED, HERSILL, AMS Composite Cylinders, Gulf Cryo, Al-Barrak Group, Besco manufactures Hospital, SHENYANG CANTA MEDICAL TECH. CO., LTD., bluAqua Service GmbH & Co., Me.Ber. srl., OrientMEd International, Foshan Keyhub Electronic Industries Co.,Ltd, Royax, and ULTRA CONTROLO, among others.
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